Positional Trade: Biocon has broken out from a falling trendline and at the same time attempting to close above a resistance at 392. Buy: Biocon CMP: 391 Target 1: 420 Target 2: 424 Stop Loss: 382
Buy Biocon near 385 Stoploss 380 Target 392 Study: Breakout and Retest Structure
* Triangle * 55EMA * Trendline Breakout above 395
Please share with your family and friend if you like the idea to go long. This chart is only for education purpose. Consult with your financial advisor before making any investment.
Biocon breakout for all trades Breakout alert ahead. Self explanatory chart. For educational purpose only. I am not a sebi registered expert. Trade at your own risk. Feel free to text & Share your views.
Biocon monthly demand zone trade is marked on chart. We can take trade near Proximal line and below distal line we can set stop loss. Best way to find out lower time frame demand zone in between higher time frame. In this case stop loss will be small. I have marked both trade setups. Hight time frame frame (monthly) and lower time frame (daily)
The stock has formed a descending triangular pattern which is about to witness a breakout. The stock has major support at 368 level, and it has been testing its resistance at 422 levels consecutively. Once the triangular breakout happens, the stock will move towards testing the resistance at 420-425. If the resistance is broken with good volumes, the stock can...
Biocon having strong support @ 360 lvl. If Price drops with low volume on closing basis then price surely bounce back strongly and if price drops below 360 lvl with high volume then its confirmation for further downfall. Minimum Target for 460 lvl. Like and comment if you like my idea.. For study purpose only..
One can intitate Buy position in BIOCON with target of 424.40 and 485.55
Biocon is support zone --> buying recommended UPSIDE TGT: _ 390 -> 410 Stoploss: _359
Currently at Demand zone. With a small SL, long trade can be initiated for gap filling. Pharma Index is bullish and this stock might try to catchup with other companies soon.
ENTRY , EXIT/SL , TARGET AS PER CHART. ENTER AT YOUR OWN RISK AND RISK MANAGEMENT.
Date: 30 March 2021 Biocon (CMP: 409) can go upto 440 in short term. Target and SL given in the chart
BIOCON EQUITY levels ...06/05/2021 (D candle)
It has broken symmetrical triangle pattern and gave a bearish breakout on the daily chart. Stock is likely to take support at the demand zone. A price near 372 can be a good opportunity to enter in a long trade with a stop loss of 362. However, if it does not take support at 362, we can see further downfall till 340 as a target of triangle bearish breakout pattern.